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11 March 2024 | 6 replies
Most lenders don’t consider manufactured or mobile homes real property and there are lots of requirements and stipulations a buyer has to meet to qualify for a mortgage.
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11 March 2024 | 5 replies
Again, you will likely need a key principle to co-sign your loan (typical financial requirements are 10% of loan balance in liquid assets and 1:1 net worth to loan balance), but Fannie and Freddie are both well versed in lending to LLCs where the GP has minimal capital personally invested in the deal.
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11 March 2024 | 6 replies
As for how to gauge fair value that's easy and never requires comp's, because revenues is what matters to you right?
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11 March 2024 | 12 replies
I am interested in knowing, if you can share your strategy highlights regarding the fact that your properties are all doing well with respect to appreciation rather than cash flow, and I completely agree that travel would be required to pursue cash flow.
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11 March 2024 | 7 replies
It is true that you may miss out on this home, if sold this week, but also consider the Joy Of Missing Out (JOMO) by not overpaying for this property and also footing the bill for many of the potential repairs required for a 120+ year old home as mentioned above by the previous commentors.I would encourage you to take a contractor with you to the open house or someone with experience in this age of home to give you some insight into the property and what may need to be addressed in the first few years of ownership.
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11 March 2024 | 3 replies
There are payment processors which do the same thing your bank does but have some support for obtaining the authorizations required.
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12 March 2024 | 168 replies
Do most syndications require one to be an accredited investor or has this changed with the newer SEC rules /JOBS ACT.
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11 March 2024 | 30 replies
If you require initial cash flow, San Diego may not be the right market However if you plan to hold long term, few markets have produced better return on residential RE.Good luck
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10 March 2024 | 3 replies
I'm states where e&o is required, it may actually then end up disqualifying you from having a license then.
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10 March 2024 | 5 replies
This family is currently searching for a home, and our agent, who also represents them, has generously offered to waive any commission for connecting us.After outlining our standard tenant qualifications—which encompass application requirements, income verification, rental history, credit score, background checks, a non-smoker policy, occupancy guidelines, pet policy, application fees, and move-in costs—our agent indicated that the extensive discussions and adherence to these requirements "equals a full commission of one month's rent."